TORONTO, May 3 /CNW/ - First Metals Inc (FMA.H-NEX) (the "Corporation") wishes to advise that it will be late filing its audited financial
statements and MD&A for the year ended December 31, 2010 (the
"Financial Disclosure") which were to be filed on or before May 2, 2011
pursuant to relevant securities laws.
The delay in filing the year end statements and the resulting default
are due primarily to a lack of available funding.
Should the Corporation fail to SEDAR file the Financial Disclosure on or
before May 2, 2011, it is anticipated that the OSC will impose a cease
trade order that all trading in securities of the Corporation cease for
such period specified in the OSC order.
The Corporation is not subject to any insolvency proceeding and there is
no other material information concerning the affairs of the Corporation
that has not been generally disclosed.
Some of the statements contained in this release are forward-looking
statements, such as estimates and statements that describe the
Corporation's future intentions, plans, objectives or goals, including
words to the effect that the Corporation or management expects a stated
condition or result to occur. Since forward-looking statements address
future events and conditions, by their very nature, they involve
inherent risks and uncertainties. Actual results in each case could
differ materially from those currently anticipated in such statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE First Metals Inc.
For further information:
please contact Michael Churchill, President and CEO, at (416) 594-3223